The war in the Middle East is upending lives and livelihoods in the region and beyond. It is also dimming the outlook for many economies that had only just shown signs of a sustained recovery from previous crises, says key IMF directors in a blogpost.
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Dubai has announced a set of economic incentives totalling AED1 billion ($272.2 million) to be implemented over a period of three to six months starting 1st April 2026.
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Oil prices continued their upward climb on Monday, as markets focused on escalating geopolitical risks in the Middle East despite renewed assertions by US President Donald Trump that talks with Iran remain under way and could still lead to a diplomatic breakthrough.
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Households, businesses and investors should prepare for 1970’s-style global stagflation, warned Nigel Green, the CEO of the deVere Group, one of the world’s largest independent financial advisory organisations, after private sector output in the euro zone sank to a 10-month low in March.
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As heightened tensions continue to inject uncertainty into global markets, businesses across the Gulf are balancing caution with determination. The GCC governments are responding swiftly to preserve stability, support liquidity, and sustain momentum, said an industry expert.
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FII Institute on Thursday convened global leaders, investors, and policymakers for Day 1 of FII PRIORITY Miami 2026, under the theme “Capital in Motion,” with discussions affirming that in an era of disruption, long-term capital, collaboration, and strategic investment remain the foundations of prosperity.
US President Donald Trump said he was extending by 10 days a deadline linked to threatened strikes on Iranian energy infrastructure, saying the move followed a request from Tehran and that negotiations were progressing positively.
Patel Family Office, a US investment enterprise, and Abdel Hadi A Al-Qahtani & Sons (AHQ), a Saudi industrial conglomerate, have signed a $1 billion deal to establish AYARA, a vertically integrated hospitality platform that will develop a network of 50 international brand-name business hotels across Saudi Arabia by 2029.
Dubai master-developer Emaar Properties has announced plans to distribute cash dividends worth AED8.8 billion ($2.4 billion), representing 100% of the share capital, for the FY 2025. The Dubai developer had recorded its highest property sales of AED80.4 billion ($21.9 billion), up 16% over the previous year.
Leading events organiser RX has confirmed that the 2026 edition of Airport Show co-located with Global Airport Leaders’ Forum and Women In Aviation Middle East Conference, originally scheduled to take place from May 12 to 14 at Dubai World Trade Centre, will now take place from October 12-14, with the venue remaining unchanged.
Italian construction giant Webuild will exit a major contract on Saudi Arabia’s ambitious NEOM development after the client opted to terminate works on part of the Trojena mountain resort, highlighting ongoing adjustments within one of the world’s most closely watched infrastructure programmes.
Mubadala Investment Company, an Abu Dhabi-based global investor, has announced that it has entered into a definitive agreement to sell its minority stake in CoolIT Systems, a global leader in liquid data centre cooling, to Ecolab as part of a transaction valued at $4.75 billion led by KKR.
Malaysia-based Eversendai Corporation said it has received a termination notice for its structural steel contract at the Trojena Ski Village project in Saudi Arabia, citing geopolitical developments in the Middle East.
Weaponising the Strait of Hormuz is an act of economic terrorism with global impact far beyond energy markets, said Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, ADNOC Managing Director and Group CEO, Chairman of Masdar and Executive Chairman of XRG.
As the UAE experiences seasonal rainfall this week, LEAD Development is spotlighting the advanced water management system at Jubail Island in Abu Dhabi, demonstrating how well-designed infrastructure can transform natural conditions into long-term environmental and community value.
Australian Prime Minister Anthony Albanese announced a 50 per cent reduction of the fuel excise, a move aimed at mitigating the impact of the global fuel crisis stemming from the escalating military conflict in the Middle East.
Air India Express unveiled ‘The Flying Canvas’, a special art‑wrapped Boeing 737‑8 aeroplane (VT‑BWV), extend its long‑standing tradition of celebrating India’s cultural heritage through evocative liveries. The custom art livery for the VT‑BWV is an extension of the airline’s Tales of India initiative.
The war in the Middle East is upending lives and livelihoods in the region and beyond. It is also dimming the outlook for many economies that had only just shown signs of a sustained recovery from previous crises, says key IMF directors in a blogpost.
Households, businesses and investors should prepare for 1970’s-style global stagflation, warned Nigel Green, the CEO of the deVere Group, one of the world’s largest independent financial advisory organisations, after private sector output in the euro zone sank to a 10-month low in March.
Dubai master developer Damac has announced that work is in full swing on its Safa One development which continues rise steadily on the Dubai skyline. The overall construction stands at 56% completion, with core wall levels advancing to Level 46 in Tower A and Level 49 in Tower B.
As the UAE experiences seasonal rainfall this week, LEAD Development is spotlighting the advanced water management system at Jubail Island in Abu Dhabi, demonstrating how well-designed infrastructure can transform natural conditions into long-term environmental and community value.
Volvo Construction Equipment (Volvo CE) has formalised Iron Women as a unified global platform to solve a severe shortage of skilled operators, technicians, and service professionals. The initiative is positioned not as a symbolic gesture but as essential business infrastructure.
Trolley General Trading, a leading convenience-led grocery retailer based in Kuwait City has begun trading on Boursa Kuwait’s Premier Market, raising gross proceeds of KD59.5 million ($195 million). Based on the final offer price, its market capitalisation now stands at KD170 million ($552.6 million).
The war in the Middle East is upending lives and livelihoods in the region and beyond. It is also dimming the outlook for many economies that had only just shown signs of a sustained recovery from previous crises, says key IMF directors in a blogpost.
Cisco, the worldwide leader in networking and security, has appointed Shane Heraty as the new Vice President and General Manager for Cisco Middle East, Africa, Türkiye, Romania and CIS effective May 1. In this role, he will oversee Cisco's strategy and commercial operations in the region.
Mazad, a leading digital auctions and marketplace platform in Bahrain, and a Mumtalakat portfolio company, has announced the launch of a special auction for a unique three‑digit vehicle license plate number, 994, in response to the growing demand for distinctive triple‑digit plates.
The second edition of Abu Dhabi Infrastructure Summit (ADIS) kicks off in May this year at the ADNEC Centre, anchored by the emirate's $57 billion infrastructure pipeline spanning housing, transport, culture, education, and social infrastructure, said the event organisers.
Kuwait's Ministry of Electricity, Water and Renewable Energy announced on Sunday that a service building at one of the power and water distillation plants was damaged in an Iranian attack, resulting in the death of an Indian worker.
